Nov 14, 2012 6:00pm PST
>> we think this is a step forward for california and a hope for the rest of the nation. >> the number of credits democrat minutish and could get more expensive as allowances become scarce. the goal to have same levels of gases bym'9zk 2020 then we dd in 1990. companies, either way that, costs money.vmóf >> this is going to be passed down through to consumers.. >> california air resources board estimates when the oil industry is phased infgrñ, gas prices will go up by 18 cents a gallon. one study found price woz up go up $5 to $11 per month for consumers. food processors say they'll have to pass on the increased costs. >> or they can leave the state. >> it means job loss. >> environmentalists point out the goal to clean up the air. no matter the cost. >> would r.we think it's a design to promote innovation. not going to result in skyrocketing costs. >> a lawsuit aimed to stop the state from making money from the auction. the legislative analyst office today warned the billion dollars the state is expecting from the program is a little too optimistic in sacramento, abc 7 news.